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113 sats \ 0 replies \ @Arceris 9 Jul \ parent \ on: The Federal Reserve, Custodia Bank, and the battle for Constitution sovereignty bitcoin
The Fed is being disingenuous with the FDIC statements. There are at least 400 banks without FDIC insurance, and FDIC insurance is also entirely unnecessary for a fully reserved bank. The FDIC protects against bank runs in a fractional system, and a fully reserved bank cannot be run, by definition.
https://www.bankingdive.com/news/fed-master-account-list-fdic-insurance-custodia-bank/653374/